1. Financial Reporting Regulations Check the rules of the organisation first. These may require financial reporting not required by regulation. CURRENT Review due out early 2009 Likely to have minimum requirements for larger organisations FUTURE? Is financial reporting a burden or an opportunity to communicate with those who support the sector? What minimum requirements are appropriate? How can we all encourage best practice?

2. Charities (Publicly accountable ) Clubs and societies accountable to members Unincorporated groups The shape of the sector in regulation

3. Check the rules of the organisation first. These may require financial reporting not required by regulation. Charities Commission - Within 6 months of end of year must submit an Annual Return with financial information (no set format) Financial Reporting – Current regulations: CHARITIES

4. Check the rules of the organisation first. These may require financial reporting not required by regulation. Check the rules of the organisation first. These may require financial reporting not required by regulation. Charities Commission - Within 6 months of end of year must submit an Annual Return with financial information (no set format) Incorporated Societies Act 1908 -Requires AGM to approve and file -Income & expenditure -Assets and liabilities Financial Reporting – Current regulations: INCORPORATED SOCIETIES

5. Check the rules of the organisationfirst. These may require financialreporting not required by regulation. Check the rules of the organisationfirst. These may require financialreporting not required by regulation. Charities Commission - Within 6 months of end of year must submit an Annual Return with financial information (no set format) Charitable Trusts Act 1957 No particular requirements for financial reporting Financial Reporting – Current regulations: CHARITABLE TRUSTS

6. Charities Commission - Within 6 months of end of year must submit an Annual Return with financial information (no set format) Companies Act 1993 -Within 5 months of end of financial year must submit financial a/cs according to GAAP unless assets are <$450,000 Financial Reporting – Current regulations: NON-PROFIT COMPANIES Check the rules of the organisation first. These may require financial reporting not required by regulation.

7. Charities Commission - Within 6 months of end of year must submit an Annual Return with financial information (no set format) Companies Act 1993 -Within 5 months of end of financial year must submit financial a/cs according to GAAP unless assets are <$450,000 Financial Reporting – Current regulations: NON-PROFIT COMPANIES Check the rules of the organisation first. These may require financial reporting not required by regulation. These are exempt companies and have 9 months to prepare financial statements in a set format

8. Charities Commission - Within 6 months of end of year must submit an Annual Return with financial information (no set format) Unincorporated No rules! (but you may want accounts to apply for a grant) Financial Reporting – Current regulations: UN-INCORPORATED ORGS Check the rules of the organisation first. These may require financial reporting not required by regulation.

9. Financial Reporting Regulations Check the rules of the organisation first. These may require financial reporting not required by regulation. CURRENT Review due out early 2009 Likely to have minimum requirements for larger organisations FUTURE?

10. Financial Reporting Regulations Is financial reporting a burden or an opportunity to communicate with those who support the sector? What minimum requirements are appropriate? How can we all encourage best practice?